Financial Constraints and Investment-Cash Flow Sensitivity
Preprint
- 1 January 2002
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Using a large sample of US listed companies, we show that the relation between financial constraints and investment-cash flow sensitivity is non-linear. The difKeywords
This publication has 9 references indexed in Scilit:
- Table 1: Significant and non-significant models and their evaluation measures.Published by PeerJ ,2019
- Investment-Cash Flow Sensitivities are not Valid Measures of Financing ConstraintsPublished by National Bureau of Economic Research ,2000
- Capital-Market Imperfections and InvestmentPublished by National Bureau of Economic Research ,1997
- Agency costs of free cash flow, corporate finance, and takeoversPublished by Cambridge University Press (CUP) ,1996
- Evidence on the role of cash flow for investmentJournal of Monetary Economics, 1995
- Do Financing Constraints Explain Why Investment is Correlated with Cash Flow?Published by National Bureau of Economic Research ,1995
- Internal Finance and Firm InvestmentJournal of Money, Credit and Banking, 1995
- Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing FirmsThe Quarterly Journal of Economics, 1994
- Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial GroupsThe Quarterly Journal of Economics, 1991